Period of Option. The period of the Option shall commence on the Grant Date and shall expire on the seventh (7th) anniversary of the Grant Date (the “Option Period”). The Option (or any lesser amount thereof) may be exercised from time to time during the Option Period as to the number of Total Shares allowable under Section 3 below and the Plan.
Appears in 3 contracts
Samples: Executive Employment Agreement (Calpine Corp), Executive Employment Agreement (Calpine Corp), Employment Agreement (Calpine Corp)
Period of Option. The period of the Option shall commence on the Grant Date and shall expire on the seventh tenth (7th10th) anniversary of the Grant Date Date, subject to earlier termination as set forth in the Plan and this Stock Option Agreement (the “"Option Period”"). The Option (or any lesser amount thereof) may be exercised from time to time during the Option Period as to the number of Total Shares allowable under Section 3 below and the Plan.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement (Calpine Corp), Non Qualified Stock Option Agreement (Calpine Corp), Non Qualified Stock Option Agreement (Calpine Corp)
Period of Option. The period of the Option shall commence on the Grant Date and shall expire on the seventh tenth (7th10th) anniversary of the Grant Date (the “"Option Period”"). Notwithstanding the foregoing, upon a termination of employment or service with the Corporation, the Option shall expire in accordance with Section 13 of the Plan. The Option (or any lesser amount thereof) may be exercised from time to time during the Option Period as to the number of Total Shares allowable under Section 3 below and the Plan.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement (Calpine Corp), Non Qualified Stock Option Agreement (Calpine Corp), Non Qualified Stock Option Agreement (Calpine Corp)
Period of Option. The period of the Option shall commence on the Grant Date and shall expire on the seventh tenth (7th10th) anniversary of the Grant Date Date, subject to earlier termination as set forth in the Plan and this Stock Option Agreement (the “Option Period”). The Option (or any lesser amount thereof) may be exercised from time to time during the Option Period as to the number of Total Shares allowable under Section 3 below and the Plan.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Calpine Corp)